To Our Shareholders and Investors

During this fiscal year, net sales increased by 5% YoY, to 2,554.5 billion yen, because transaction volume mainly represented by Metal Recycling business and Energy & Living Materials business increased. Operating income increased by 24% YoY, to 61.5 billion yen, because the profitability of Steel business and Food business recovered, and ordinary income increased by 24% YoY, to 59.7 billion yen. Net income attributable to owners of the parent increased by 18% YoY, to 45.4 billion yen.
With regard to year-end dividends, we resolved to distribute a dividend of 120 yen per share at the Ordinary General Meeting of Shareholders held on June 26, 2025. As a result, the annual dividend per share for the fiscal year ending March 2025, including the interim payment of 105 yen per share already implemented, is 225 yen.
We are promoting the Medium-Term Business Plan for the period from FY 2023 to FY 2025. In the plan, we strengthen corporate foundation and improve medium-to long-term profitability in well-balanced manner, and advance initiatives aimed at achieving sustainable growth with a view toward FY2030. These targets are based on a three-tier approach that comprises "Sustainability management" as basement floor, "Enhancement of the Management Foundation" as 1st floor, "Development of Business Strategy" as the 2nd floor and "Generate profits from investment" as 3rd floor.
Going forward, we will continue to deepen implementation of our corporate strategies under the Medium-Term Business Plan, achieve sustainable growth and improve the overall corporate value of our Group, to meet the expectations of our shareholders and investors. We ask once again for your continued understanding and support.
July 2025
Yoichi Nakagawa
President